Jumbo/ Non-QM Underwriter

Atlantic Coast Mortgage

3d•$65,000 - $154,000•Remote

About The Position

The Jumbo/ Non-QM Underwriter underwrites all levels of complexity of mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss with a specialty in Jumbo and Non-QM loan products. Responsible for collateral evaluation in accordance to agency and or investor guidelines. Able to manually underwrite loans and is not reliant on automated underwriting to make a sound credit decision.

Requirements

A minimum of 5 years Underwriting experience
Experience working with Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector
Thorough knowledge and understanding of all federal and state guidelines
Ability to read, analyze and interpret technical procedures and government regulations
Superior internal and external customer service skills
Exceptional written and verbal communication skills
Excellent organizational skills and attention to detail
Proficient computer skills including Microsoft Office
Proficiency in paperless loan underwriting
Strong sense of urgency to meet deadlines with the ability to work in a fast paced environment

Nice To Haves

FHA DE Designation (CHUMS#) and VA SAR/LAP is a plus but not required
USDA/VHDA experience a plus

Responsibilities

Underwrites Jumbo and Non-QM loans in addition to FHA/VA and Conventional loan applications ensuring adherence to Company and investor credit quality standards
Maintain ACM mandated turn times for new reviews and conditions
Analyzes mortgage loan files, which include customer applications, income documentation, appraisal and title reports, to ensure compliance with the company's policies, as well as state and federal regulations
Analyzes loan attributes and documentation for soundness and accuracy
Analyzes loan applications to identify any risk issues
Evaluates overall income, credit and equity of each loan application
Ensures all required documentation have been received and completed for the loan process approval
Determines the amount of loan to be approved when all criteria for underwriting have been met. Makes recommendations for loan approval
Supports Loan Officers during the qualification process and for turndown decisions.
Provides support to Loan Officers and Processors regarding questions and/or clarification of inquiries, loan files, and underwriting guidelines
Ensures timely review and follow-up steps in order to meet and exceed customer’s expectations
Keeps up to date on investor and regulatory policies, procedures and changes that affect mortgage underwriting
Communicates with team members and management on outstanding requirements and conditions, as well as, the status of each loan application
Analyzes appraisals (including FHA, under DE program, SAR under VA program and Portfolio Jumbo). Reviews the fee appraiser’s reports for completeness and conformity with industry-accepted appraisal practices and techniques as well as all other Federal Housing Administration (FHA) and Veterans Administration (VA) requirements. Determines the reasonable value of the property and any conditions which must be met prior to VA guaranty of the loan
Knowledge of FHA Streamline and VA IRRLS
The candidate should be oriented toward a deal driven environment and capable of managing multiple transactions simultaneously under tight time pressure. Has thorough knowledge of all GSE underwriting requirements
Possesses strong understanding of the operational responsibilities involved in the purchase and transfer of whole loan assets as it pertains to credit quality
Skilled in negotiating issues and resolving problems
Skilled in effective verbal and written communications, including active listening, and presenting findings and recommendations
Ability to establish and maintain working relationships with co-workers, staff and external contacts, and to work effectively in a professional team environment